Lot 19 - The Colliers Flats, Ynyscynon Road, Tonypandy, Mid Glamorgan, CF40 2LQ
- Unconditional Online Auction Sale
- Guide Price* : £410,000+
- Bedrooms: 0
Waiting for video...
Residential Investment
Description
ONLINE AUCTION from 1st FEBRUARY-3rd FEBRUARY
A substantial freehold building that has been recently converted into 8 self-contained flats and two shops/offices area are available for use as commercial units that in the past have been used as a police station, Hairdressers and Betting office. The basement area has wc/kitchen/some windows and door and there are 4 further carparking spaces.
The property has benefited from significant improvement and has been finished to a high standard with each flat containing new Kitchen & bathroom fittings, UPVC double glazing and new gas central heating system with individual boilers. The conversion of the building also comprised new electrics and re plastered walls . There is carpet in the stairwell, basement, lobby & 1st floor landing and all flats & ground floor entrance have laminate flooring.
The flats are fully let with 3 of the 4 car parking spaces let. This is an ideal opportunity for a landlord looking for an up and running investment opportunity. The property is ideally situated for the local train station with Tonypandy Town Centre close by and good road links to Porth and Pontypridd and the A470 to Cardiff. There are an excellent range of shops and amenities, and the new Zip world attraction is approximately 30 minutess drive offering scope for potential holiday lets in the future.
As well as the building having a fire alarm throughout, It also has a sprinkler system fitted .
VIRTUAL TOUR
Accommodation
Lower Ground Floor: Rear communal entrance, Hallway,
Unit 1 – Lounge/kitchen w/c stairs to Bedroom 1, Bedroom 2 and Bathroom
Ground Floor: Communal entrance from Ynyscynon Road Hallway
Unit 2 - Lounge/Kitchen, 2 Bedrooms, Bathroom
Unit 3 - Lounge/Kitchen, 2 Bedrooms, Bathroom
Unit 4 - Lounge/Kitchen, 2 Bedrooms, Bathroom
First Floor:
Unit 5 - Lounge/Kitchen, 1 bedroom, Bathroom
Unit 6 - Lounge/Kitchen, 2 bedrooms, Bathroom
Unit 7 - Lounge, kitchen, 2 bedrooms, Bathroom
Unit 8 - Lounge/Kitchen, 2 bedrooms, Bathroom
Outside: 4 Carparking spaces (3 let) and amenity area
Tenancies
Please note all certificates, planning documents and plans will be available in the legal pack
Flat 1 let on AST at £500 pcm
Flat 2 let on AST at £500 pcm
Flat 3 let on AST at £500 pcm
Flat 4 let on AST at £500 pcm
Flat 5 let on AST at £475 pcm
Flat 6 let on AST at £500 pcm
Flat 7 let on AST at £550 pcm
Flat 8 Let on AST at £450 pcm
Parking Space 1 - £40 pcm
Parking Space 2 - £40 pcm (vacant)
Parking Space 3 - £40 pcm
Parking Space 4 - £40 pcm
The shops / office areas are currently vacant but have combined income potential of £1,000 pcm when refurbished
Total income £4,135 pcm (with a potential of £5,135 pcm = £ 61,620 p/a)
Total annual income £49,620
Tenure
Advised Freehold - to be verified by solicitor
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £975) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Loading the bidding panel...
Viewing
Office Contact
Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Conditional Auctions
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Conditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Related Documents
- View Floor Plan
- View Floor Plan
- View Floor Plan
- View Floor Plan
- View Floor Plan
- View Floor Plan
- View Floor Plan
Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
Share
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.